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@sheikhman
Welcome, I think you have a reasonable entry point. Please do not be put off this board, which can be quite intimidating at times. There are some excellent posters/researchers that share their knowledge on here from which I gain comfort in my investment.
I bought into this many years ago with a long term view. I think we are getting close now to seeing fair value in the SP.
Good luck.
The results have to be published by the 30th and this was the case last year but could be here tomorrow.
Bought my first shares in this today on the recommendation of MM. can I just ask when the end of year results are due?
Thanks in advance
Calamari, honestly if you were not such an ar5e with it and acted with some awareness of others investments I actually might because you were right on that. I am more than happy to acknowledge that. It's a shame you are already positioning your lines for VRFB adoption issues when the price overheats but that's how you roll hey.
When the annual results come out, they mark the end of a two year period of being unprofitable. There has been no benefit to shareholders yet from Vanchem, Mokopane getting a license, expanding Vametco, rising vanadium prices, Enerox, IES investments or even our ATM shareholding, beyond expanding our NAV, which as a metric really is arbitrary on AIM given the wild fluctuations in SP we see. 0 shareholder returns from all of the above. At this point, it is what it is. You can spin it whatever way you want, but thats an unarguable fact.
After the results land we face what has been a very long time coming - blue skies of growing profitability, expanding production, Eskom, Enerox progress, BelCo actually being built, the effects of new SA generation thresholds being raised and so on. It would be absolutely impossible to justify keeping this share down at that point and whoever is trying will be on a hiding to nothing. They might even try for a bit but the scales are tipping quickly against them.
Bushveld won't be releasing much if any news till that happens next week. Imo we are at the bitter end of this period. After the results come out it really is all there for the taking and given that shareholders have literally paid for and carried all of the weight for the expansion, Bushveld management have a reponsibility, after a two year downtrend (with a paltry recovery to todays SP) to put some effort into realising that into returns for shareholders and showing the wider investment community they are on a mission to deliver, that this is good place to invest and rebuild sentiment, momentum and the buzz around this co.
Strategically all these things coming together presents what ND would term the perfect storm and it really is the perfect chance for the BoD to finally deliver some good times here. This year has always been about H2, - well now we are nearly there and its very nearly time we will start to see that weighting and progress come to fruition. As I say, I think it pretty much all hinges on getting the results out of the way, then there is absolutely no excuse for not seeing a serious re-rate. We should be 35p on V production at current levels. We should also see uplift for everything associated with the progress made around VRFB. The only curve balls for me are the JSE listing, and how the company sees its value upon launch, if it indeed happens, and the continued sale of the Vanchem shares (And general AIM BS).
I don't imagine a single person thought if V prices hit $43-45 after all of the work to build out the business, that we would be at 15p, the one good thing is that the downside is neglible and shares are cheap. Most people are very painfully aware that this company is lightyears ahead of the one that hit 50p in 2018. It's definitely time that progress converted into shareholder value again. All the elements are in place for that to happen.
HumanResources I am curious. What miss on operating costs? If you are referring to Vametco costs in Q1 being higher than normal this was explained in the RNS.
The 35 day maintenance shutdown resulted in lower output but some fixed costs remain the same. Thus costs per unit appear to have risen but that was a one off.
The RNS goes on to say they expect the 2021 production costs to be at the upper end of the range $20 to $21.3 kgV. That is considerably lower than the Q1 number and suggests once Vametco is running at full capacity (probably already doing so) costs will be lower than the target average. Not much to dislike there surely.
I do agree that the market might be waiting for confirmation. On the other hand the smart money surely gets in first!
HarChris it’s all about confidence in execution. I’m super bullish but acknowledge the misses on production volumes, operating costs and ongoing capex. Once we have some kind of steady state on the performance of the plants and a good feel for the true AISC then we can fly and attract more loyal institutions
Well it hasn't succeeded yet, has it? The rising FeV should lead to long term healthy profits and you'd think as the stock market is forward looking that the market would move first but it hasn't yet. What we do know for certain though is if BMN does go on to book the sort of profits we are projecting then the share price will, for certain, reflect that.
I'd like to see large paper profits today but I'm happy to wait to watch it all play out as I believe it is going to.
When does it begin? :-)
V prices at $50kG?
The sweet spot was $45KG for adoption of VRFB
If you told me in December V prices were going to be $43KG in 7 months Id have piled in here, way north of 20p!
Because its rigged. They will the correction happen when they are tired of playing with this particular share or they get squeezed out by a serious buyer. All we can do now is wait. Highly frustrating and regulators don't care.
You used to buy shares in a company you believed will succeed and when they did you would reap the rewards, not anymore , first you need to get raped a few times by revolting vultures in the city and Wall street, you broker and the rest of the market, and when they are done and you still hold your shares they might let them rise.
If I knew that then I'd be a rich man - mainly because I would have invested elsewhere! I truly believe that when the spring is let go, this will put Elon Musk's SpaceX rocket to shame
Seriously what is going on, do we need the company to actually come out and say 'hey everyone we are selling V at $43KG and our costs all in are X amount, therefore we are making a profit of X and expect to have X EBITDA by Y/E'
How can it go from $30KG to $43KG and not a single rise here? Not only that, we have fallen 25%